Just moved from Portland to Orange county. Not the kind of shift one makes without having a better job to go to.
Anyway, bought in Portland in late ’02 and we did very well with the sale last month. Just on the cusp of a slowdown in the Portland market. We didn’t cash out to the tune of $500k like the folks here in OC but I’m pretty happy and feel like we are really lucky.
We’re renting here in Orange county and I’ve been walking around the neighborhood looking at the home sale flyers and I’m noticing lots of price reductions just in the last month. We’re going to sit tight even though the apartment is a bit noisier than I prefer.
If the job goes well we’ll keep an eye on things over the next couple of years. I tend to think that it’s going to be a wild ride down.
